0
When a firm tries to increase sales by selling its present products in new markets this is called?
Wiki User
∙ 13y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Discuss the changing role of personal selling?
Just like in many other fields there are changing roles in personal selling. Sellers are linking their products wit their social pages to help them increase the number of sales.
How do Cadburys distribute their products?
by selling it
Offering a customer additional products or services is cross-selling or?
up-selling
What is selling concept?
selling concept is a traditional concept of marketing. In traditional concept emphasis was on only selling the products.
What is Buying and selling products are called?
Trading
How farms depend on cities?
To get money buy selling products to markets
How does Exporting work?
With exporting, firms enter international markets by selling products internationally through the use of middlemen
How did the invention of the steam ship help to improve the American economy in the north and south?
Increased selling products to markets, and traders.
What is an intensive growth strategy?
It is a strategy of "aggregation" or expansion under which growth is achieved by expanding the scale of operations.This strategy involves expansion of firm's product range and market. Three alternative strategies in this regard are as follows:(a) Market Penetration: This strategy aims to seek increased sales of the present products in the present markets through more aggressive promotion and distribution. The firms tries to penetrate deeper into the market to increase its market share. More money is spent on advertising and sale promotion to increase sale volume.(b) Market Development: This strategy aims to increase sales volume by selling the present products into new markets. For example, Pepsi Cola has achieved growth by capturing foreign markets. The existing product is pushed into new markets by changing its packaging, or band name, etc.(c) Product Development: Under this strategy, a business seeks to grow by developing improved products for the present markets. The current product may be replaced or the new products may be introduced in addition to the existing products. The introduction of "Colgate-gel" by Colgate-Palmolive (India) Ltd. is an example in this regard.To sum up, the intensive growth strategy involves the internal growth of the concern within its existing corporate structure. It is also known as growth through aggregation. The management of a firm may decide to grow through expansion of scale of operations in order to attain optimum size. The firm will achieve many economies in purchasing, production, financing, marketing and management.
Why did farmers destroy their products instead of selling the for a low price during the great depression?
To reduce supply/increase demand but with fewer products available, and thereby try to increase prices.
Is safeway selling some of its genuardi markets to weis markets?
yes
Are used conference tables sold at flea markets?
I have been unable to locate any used conference tables at flea markets but i have found a large number of websites selling such products. One such website is: www.business.com
What is single-segment concentration?
Single-segment concentration refers to a marketing strategy where a company focuses all its efforts on targeting and serving a single specific market segment. By tailoring its products, services, and marketing efforts to address the needs and preferences of that particular segment, the company aims to achieve a competitive advantage and drive growth within that niche.
What is the advantage of buying and selling overseas securities?
ramifications of global markets for the U.S. securities industry include the potential for a broadened role in world financial markets, more investment alternatives and financial products, greater access to capital
How do pharmacists earn money in Australia?
By Selling Products By Selling Products
Who are your target markets when selling electronic cigarettes?
smokers
What are the functions performed by the capital markets?
Selling and buying of shares
